Faurecia said that government support for industrial and technological projects in the field of sustainable mobility, and hydrogen in particular, will be key in enabling Faurecia to make investments in such areas, create a competitive French industrial sector and generate hundreds of high value-added jobs. On May 26, France’s President Emmanuel Macron announced an €8 billion plan to revive France’s auto industry by making it the European leader in electric cars.

France is the historical centre of Faurecia’s activities, with 30 industrial sites and seven R&D centres, employing more than 13,700 people, including 1,600 engineers. France plays a strategic role in the Group’s design and development of its Sustainable Mobility and Cockpit of the Future technologies.

“The measures announced by the French President are a key milestone in the economic recovery of the French automotive industry. This plan supports our competitiveness and will enable the creation of new activities and high value-added jobs in France. As such, Faurecia will be able to accelerate its transformation strategy focused on Sustainable Mobility and Cockpit of the Future and fully commit to its ambition of becoming CO2 neutral”, said Patrice Koller, CEO, Faurecia.